Investment Analysts’ Recent Ratings Updates for LKQ (LKQ)

Several analysts have recently updated their ratings and price targets for LKQ (NASDAQ: LKQ):

• 11/5/2024 – LKQ was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/28/2024 – LKQ was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/25/2024 – LKQ had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $60.00 price target on the stock.
• 10/25/2024 – LKQ had its price target lowered by analysts at Robert W. Baird from $50.00 to $48.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – LKQ had its price target lowered by analysts at Stifel Nicolaus from $53.00 to $47.00. They now have a “buy” rating on the stock.
• 9/18/2024 – LKQ had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $60.00 price target on the stock.
• 9/17/2024 – LKQ was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

LKQ Price Performance

Shares of LKQ opened at $38.72 on Thursday. The firm has a market capitalization of $10.07 billion, a PE ratio of 14.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company’s 50-day moving average is $39.01 and its 200-day moving average is $41.07.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share. Equities analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Institutional Investors Weigh In On LKQ

Institutional investors have recently bought and sold shares of the stock. Manning & Napier Advisors LLC bought a new stake in shares of LKQ in the 2nd quarter worth approximately $3,839,000. Capital World Investors lifted its position in shares of LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after buying an additional 277,700 shares during the last quarter. Addenda Capital Inc. bought a new position in shares of LKQ during the 2nd quarter worth $6,419,000. TCW Group Inc. bought a new stake in LKQ in the 2nd quarter valued at about $6,601,000. Finally, Swedbank AB bought a new stake in LKQ in the 1st quarter valued at about $20,555,000. Institutional investors own 95.63% of the company’s stock.

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.